Venezuela Nears a Tipping Point, and a Violent Endgame
5/12/17
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from TIME Magazine,
5/4/17:
It’s easy to see why huge numbers of furious Venezuelans have hit the streets in recent weeks. Years of mismanagement have left the country’s oil-export-dependent economy in a shambles. To appease the angry poor, President Nicolás Maduro announced a 60% increase in the minimum wage on May 1. That won’t reverse the decline of a country where production is in free fall, inflation is in the triple digits and hunger is now a common problem. It’s hard to find time for work while standing in line for the few remaining staples most of the public can afford.
The latest protests, and government response to them, have pushed Venezuela closer to the brink of collapse.
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